Nolan Applauds Decision in Cold-Rolled Steel Case
U.S. Rep. Rick Nolan today applauded the Department of Commerce’s affirmative preliminary determinations in the antidumping duty investigations of imports of certain cold-rolled steel flat products as a step in the right direction. The determination included Brazil, China, India, Japan, Korea, Russia and the United Kingdom.
In December, Nolan urged an affirmative preliminary antidumping determination on imports of cold-rolled steel from the aforementioned countries in a letter to Department of Commerce Secretary Penny Pritzker.
“It is vital that we put an end to foreign producers dumping low-grade subsidized steel into our country,” Nolan said in the letter. “This year alone, nearly 2,000 miners and steelworkers in my district have lost their family-supporting jobs as a result of these unfair trade practices and if we do not take concrete action in this case soon, even more of these workers will be out of jobs.”
After today’s Department of Commerce announcement, Nolan stated: “I’m pleased to see the Department of Commerce heed our call and take steps in the right direction. I will urge the Department of Commerce to use all tools at their disposal to ensure final antidumping determinations accurately reflect the alleged dumping margins and that tariffs are instituted at the highest rates possible.”
As a result of the preliminary affirmative determinations, Commerce will instruct U.S. Customs and Border Protection (CBP) to require cash deposits based on these preliminary rates, which reach as high as 265.79%.